Slower growth in China can be felt all over the world. The globe's largest exporter...
Slower growth in China can be felt all over the world. The globe's largest exporter of goods may miss its growth targets for 2022 — which would bring repercussions to economies everywhere.
Meanwhile, an engine of the US economy may also be at risk. That's according to legendary investor Jeremy Grantham, who issued a warning on another threat to US economic growth: the impact of rising mortgage rates on the housing market.
Pandemic stimulus sent mortgage rates plummeting and home prices soaring. Now, as rates rise — but supply continues to fail to meet demand — an affordability crisis is brewing that could pop the bubble.
MarketWatch: After a wild week on Wall Street, stock futures slump Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell...
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday.
Dow Jones Industrial Average futures YM00, -1.16% were last down more than 300 points, while S&P 500 futures ES00, -1.26% and Nasdaq-100 futures NQ00, -1.26% were each off around 1%.
US Drillers Add Oil and Gas Rigs for Seventh Week in a Row
U.S. energy firms last week added oil and natural gas rigs for a seventh week in a row...
U.S. energy firms last week added oil and natural gas rigs for a seventh week in a row amid high prices and prodding by the government, although most shale producers were prioritizing shareholder returns over new spending on production.
The oil and gas rig count, an early indicator of future output, rose seven to 705 in the week to May 6, its highest since March 2020, energy services firm Baker Hughes Co said in its closely followed report on May 6.
Baker Hughes said that puts the total rig count up 257, or 57%, over this time last year.
U.S. oil rigs rose five to 557 this week, their highest since April 2020, while gas rigs gained two to 146, their highest since September 2019.
